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Why China’s crackdown on mining is actually good for Bitcoin Why China’s crackdown on mining is actually good for Bitcoin

Why China’s crackdown on mining is actually good for Bitcoin

The ban on Proof-of-Work mining in China helped turn Bitcoin into a more resilient network.

Why China’s crackdown on mining is actually good for Bitcoin

Cover art/illustration via CryptoSlate

China’s crackdown on Proof-of-Work mining last year tested the security of the Bitcoin network and showed that it was far more resilient than once thought.

Analysts expected that it would take more than a year for Bitcoin’s hash rate to recover, but the network managed to rebound in less than a month.

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